News Centre

FOR: NORANDA INCOME FUND

Noranda Income Fund Announces That the Motion for Authorization to Institute a Class Action Has Been Dismissed by the Quebec Court of Appeal

Aug 31, 2009 - 17:00 ET

VALLEYFIELD, QUEBEC--(Marketwire - Aug. 31, 2009) - The Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced that the motion for authorization to institute a class action related to the August 2004 accidental discharge of sulphur trioxide was dismissed by the Quebec Court of Appeal.

In June 2008, the Superior Court of the province of Quebec dismissed the motion for authorization to institute a class action. The Petitioner subsequently appealed the decision.

The Fund is satisfied with the judgment and hopes this will end the matter.

Noranda Income Fund is an income trust whose units trade on the Toronto Stock Exchange under the symbol "NIF.UN". The Noranda Income Fund owns the CEZinc processing facility and ancillary assets (the "CEZinc processing facility") located in Salaberry-de-Valleyfield, Quebec. The CEZinc processing facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America, where the majority of its customers are located. It produces refined zinc metal and various by-products from zinc concentrates purchased from mining operations. The Processing Facility is operated and managed by Canadian Electrolytic Zinc Limited.


Further information about the Noranda Income Fund can be found at www.norandaincomefund.com


FOR FURTHER INFORMATION PLEASE CONTACT:

Financial information: Michael Boone
Vice President & Chief Financial Officer
of Canadian Electrolytic Zinc Limited
Noranda Income Fund's Manager
416-775-1561
mboone@xstrata.ca



Terms & Conditions of Use - Privacy Policy